Pakistan’s Finance Minister Aurangzeb said debt can boost the economy if used for productive investments. He spoke at the World Economic Forum in Davos on Wednesday. Aurangzeb emphasized fiscal discipline, export-led growth, and climate resilience as key priorities for long-term development. Aurangzeb noted that borrowing should fund projects that generate exportable surplus rather than consumption. […]
climate resilience
PM Shehbaz, UK Minister strengthen ties in Islamabad
Prime Minister Muhammad Shehbaz Sharif met UK Minister Baroness Jenny Chapman in Islamabad to discuss matters of mutual interest. They focused on development cooperation, climate resilience, economic engagement, and regional issues, reaffirming their commitment to deeper collaboration. During the meeting, PM Shehbaz highlighted the longstanding relationship between Pakistan and the UK, emphasizing shared history, strong […]
World Bank approves $400M for Punjab water upgrades
The World Bank has approved $400 million for the Punjab Inclusive Cities Program (PICP) to improve water, sanitation, and hygiene services. The program aims to strengthen local governments and upgrade urban infrastructure across 16 secondary cities in Punjab. Officials say the project will benefit millions and support sustainable urban development. PICP will rehabilitate water supply […]
Pakistan secures $7B for Reko Diq, strengthens US ties
Pakistan has secured a $7 billion financial close for the Reko Diq copper mining project, strengthening economic ties with the United States. Backed by the International Finance Corporation (IFC) and US EXIM Bank, the project will boost foreign exchange earnings and drive growth. Finance Minister Muhammad Aurangzeb called it a major milestone in Pakistan’s growing […]
ADB approves $48m boost for Balochistan water project
The Asian Development Bank (ADB) has approved an additional $48 million loan for the Balochistan Water Resources Development Sector Project (BWRDSP), the bank announced on Wednesday. The extra financing aims to complete several key components delayed earlier due to budget shortfalls. Read More: World Bank approves $200m water project for Balochistan The BWRDSP, cleared by the Central Development […]
Pakistan ramps up climate resilience with NDRMF-led initiatives
ISLAMABAD: Pakistan’s climate crisis has intensified, making the country one of the most vulnerable in the world despite contributing less than one per cent to global emissions. Super floods, rising heatwaves, accelerated glacial melt, and coastal salinity intrusion are no longer isolated events but recurring threats reshaping Pakistan’s geography, economy, and social landscape. Read More: […]
24th CAREC ministerial conference: Pakistan calls for strengthening climate resilience, expanding digital cooperation
Federal Minister for Communications Abdul Aleem Khan led Pakistan’s delegation to the 24th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference, hosted by the Asian Development Bank (ADB) in Bishkek, Kyrgyz Republic on Thursday. At the outset, the federal minister expressed his gratitude to ADB leadership, including Vice President for South, Central and West Asia […]
UN unveils $42m flood recovery plan for Pakistan
ISLAMABAD: The United Nations Office for the Coordination of Humanitarian Affairs (UN-OCHA) has unveiled a six-month response strategy to support Pakistan’s early recovery efforts after this year’s monsoon floods. The plan focuses on humanitarian and early recovery activities across 14 priority districts in Punjab, Khyber Pakhtunkhwa (KP), and Gilgit-Baltistan (GB). According to a new UN-OCHA […]
Pakistan awaits $1.2B IMF tranche amid flood losses
Islamabad: The International Monetary Fund (IMF) Executive Board will meet in December to consider a $1.2 billion tranche for Pakistan under the Extended Fund Facility (EFF). This tranche includes $200 million through the Climate Resilience Financing initiative. Officials at the Ministry of Finance remain hopeful that the tranche will be approved smoothly following the staff-level […]
UNDP, Punjab govt collaborate with academia to climate resilience
Punjab, with a population exceeding 125 million and over 150 cities and towns, faces a critical stage in its urban and environmental development. Rapid, unplanned urban growth has amplified environmental damage, worsened air quality, depleted groundwater reserves, and increased vulnerability to climate shocks. According to the World Bank’s Poverty, Equity, and Resilience Assessment (2025), Pakistan’s […]